Kuhn Capital Conducts Second M&A Attitudes Survey

Chicago -- November 11, 2002 - Six months after conducting its first M&A Market Attitudes Survey, Chicago-based M&A advisory firm Kuhn Capital (www.kuhncap.com) has announced that, due to high interest, it will again conduct the Survey, but this time to track changes in attitudes towards M&A transactions among technology and business process companies. The Survey is the only such analysis currently published.

Kuhn Capital Conducts Second M&A Attitudes Survey

Chicago -- November 11, 2002 - Six months after conducting its first M&A Market Attitudes Survey, Chicago-based M&A advisory firm Kuhn Capital (www.kuhncap.com) has announced that, due to high interest, it will again conduct the Survey, but this time to track changes in attitudes towards M&A transactions among technology and business process companies. The Survey is the only such analysis currently published.

Kuhn Capital conducted its first Survey last April to measure interest by senior executives in a company sale or purchase, and to gauge the importance of various M&A price and term considerations.

In this earlier Survey, participants rather uniformly agreed that they would Probably" consider a sale of their company in the next few years, despite feeling that it wasnt necessarily a good time to do so. On the other hand, the same participants showed little enthusiasm for buying another company despite feeling that it was "Probably" or "Definitely" a good time to do so.

For buyers, the news was good. In general, sellers seemed to have a realistic perception of their companys lower valuations, and since few others buyers were afoot, the competition for deals was low.

The second Survey asks the same and new questions to an M&A market that continues to undergo significant changes.

We expect," said Kuhn Capital founder Ryan Kuhn, that well see even more heightened interest in selling. But we are particularly looking forward to learning more about buyers attitudes, since its their market.

More specifically, we hope to glean information on the sorts of transactions of interest to buyers, like preferences for asset over equity deals, and the amount of cash they are willing to advance at close. We believe this sort of information is unique to our Survey."

Take the Kuhn Capital M&A Survey online by clicking on the following link: http://www.surveymonkey.com/s.asp?u=16997106449.

To receive the results of both surveys, e-mail rsharp@kuhncap.com.

About Kuhn Capital
Based in Chicago, IL, Kuhn Capital is the Midwests premier IT mergers and acquisitions advisory firm. The company provides M&A services to companies that leverage information technology and intellectual property - software, data, network, publishing, Internet, research, and consulting firms; and companies that market heavily-branded products. Clients have included Perficient, KEMA, Ameritech, Sony, and Cognizant.